Handelsbanken Fonder AB Cuts Stake in The Allstate Corporation $ALL

Handelsbanken Fonder AB cut its holdings in shares of The Allstate Corporation (NYSE:ALL) by 25.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,804 shares of the insurance provider’s stock after selling 17,617 shares during the quarter. Handelsbanken Fonder AB’s holdings in Allstate were worth $12,564,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MV Capital Management Inc. purchased a new stake in shares of Allstate during the fourth quarter worth $25,000. Navalign LLC purchased a new position in Allstate in the fourth quarter valued at $27,000. Evolution Wealth Management Inc. grew its stake in Allstate by 7,000.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 142 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 140 shares in the last quarter. Allied Private Wealth LLC acquired a new position in Allstate during the 2nd quarter worth $29,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Allstate during the 1st quarter worth about $30,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Stock Performance

Shares of ALL opened at $260.94 on Friday. The company has a market capitalization of $65.98 billion, a price-to-earnings ratio of 5.21, a price-to-earnings-growth ratio of 0.40 and a beta of 0.16. The Allstate Corporation has a 52-week low of $188.08 and a 52-week high of $277.22. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average price of $245.71 and a 200 day moving average price of $222.56.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share for the quarter, topping analysts’ consensus estimates of $6.06 by $2.93. The company had revenue of $15.43 billion for the quarter, compared to analysts’ expectations of $15.46 billion. Allstate had a net margin of 18.97% and a return on equity of 41.64%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the company earned $5.94 earnings per share. Research analysts predict that The Allstate Corporation will post 33.92 EPS for the current fiscal year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, August 31st will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, August 31st. Allstate’s dividend payout ratio (DPR) is currently 8.63%.

Insider Activity at Allstate

In other Allstate news, insider John E. Dugenske sold 32,996 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $269.33, for a total transaction of $8,886,812.68. Following the transaction, the insider owned 13,054 shares of the company’s stock, valued at approximately $3,515,833.82. This trade represents a 71.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Mario Rizzo sold 56,225 shares of Allstate stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $264.48, for a total value of $14,870,388.00. Following the sale, the chief operating officer owned 82,227 shares in the company, valued at $21,747,396.96. This trade represents a 40.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 92,996 shares of company stock valued at $24,543,894 in the last ninety days. 1.55% of the stock is currently owned by insiders.

Allstate News Summary

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Allstate opened a new claims-training campus in Dallas. The 33,000-square-foot Allstate Claims University will train the company’s 23,000 claims professionals, who handle approximately 8.5 million claims annually. Management says the investment should improve damage assessment and customer service, potentially supporting operating efficiency and claims quality. Allstate Claims University announcement
• Positive Sentiment: Analyst expectations remain supportive. JPMorgan reportedly expects further appreciation in Allstate’s stock, while Dowling & Partners raised its FY2026 EPS estimate to $35.50 from $30.50 and its FY2027 estimate to $25.50 from $24.00. The revisions reinforce optimism following Allstate’s recent earnings beat, although some longer-term estimates remain below near-term expectations. JPMorgan Allstate price outlook
• Neutral Sentiment: Allstate’s broader AI and employee-development initiatives are receiving attention. These efforts could improve productivity and customer service over time, but their effect on earnings is not yet quantifiable. Allstate AI and mentorship article
• Negative Sentiment: An Ontario court rejected Allstate’s challenge involving excluded-driver coverage. The decision represents an adverse legal outcome in Canada and could limit Allstate’s position in the coverage dispute, though the immediate financial impact was not disclosed. Ontario excluded-driver coverage court ruling
• Negative Sentiment: Two Allstate insiders sold sizable positions. COO Mario Rizzo sold 56,225 shares for approximately $14.9 million, reducing his holdings by 40.6%. John Dugenske separately sold 32,996 shares worth about $8.9 million, cutting his position by 71.7%. Although insider sales may reflect personal financial planning, their size can weigh on investor sentiment. Allstate insider transactions

Wall Street Analyst Weigh In

A number of research firms have issued reports on ALL. Weiss Ratings raised Allstate from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, August 6th. Keefe, Bruyette & Woods upped their target price on shares of Allstate from $242.00 to $255.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $280.00 target price on shares of Allstate in a report on Friday, August 7th. Raymond James Financial reiterated a “strong-buy” rating and issued a $315.00 price target on shares of Allstate in a research note on Tuesday. Finally, Mizuho increased their price objective on shares of Allstate from $255.00 to $272.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $265.53.

About Allstate

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.